Fomo Crypto App: what it is and how it works
The Fomo crypto app is a social trading app from FOMO Labs: you buy memecoins and majors on six chains from one USD balance, follow the traders who are actually making money, and copy a trade in one tap. It is not an exchange, it holds none of your crypto, there is no KYC for trading and no Fomo token to buy. This page covers what the app does in crypto, how big it has become, who built it, what it costs, and how to start with referral code GEMQUEENX for 10% lower fees.
- Six chains, one balance, gas paid
- Self-custodial, no KYC, no token
- 0.5% spot, 0.05% on majors
GEMQUEENX
10% off fees
Fomo crypto app: key facts
- What it isA social crypto trading app: a self-custodial wallet with a feed of named traders in front of it, and one-tap buys from the feed.
- CompanyFOMO Labs, Inc., San Francisco. Founders Paul Erlanger, Se Yong Park and Prashan Dharmasena, all formerly of dYdX.
- ChainsSolana, Base, BNB Chain, Monad, Ethereum and Robinhood Chain from one USD balance. Gas paid by Fomo.
- What tradesEvery token with a pool on those chains, the majors in the Crypto tab, Robinhood stock tokens outside the US, and perps on Hyperliquid and trade.xyz.
- Fees0.5% per spot trade, 0.05% on majors and perps, about $0.95 minimum. 10% off with referral code GEMQUEENX.
- TokenNone. No FOMO token, no points, no airdrop announced. Rewards inside the app are the referral share and Trader Rewards.
- CustodySelf-custodial through Privy: key split between your device and Fomo, exportable any time, no seed phrase.
- ScaleMore than 625,000 users and over $4 billion in cumulative volume by August 2026; the largest Solana terminal by daily volume since August 6, 2026.
- PlatformsiPhone, Android and the web app at fomo.family. Same account everywhere.
What is the Fomo crypto app?
The Fomo crypto app is a social trading app from FOMO Labs that lets you buy and sell tokens on Solana, Base, BNB Chain, Monad, Ethereum and Robinhood Chain from one balance, follow other traders, and copy their trades in one tap. It is a self-custodial wallet rather than an exchange, charges 0.5% per trade with gas paid, and has no token of its own.
A crypto app that treats trading as something you do with other people
Most crypto apps are built around an asset list. Open Coinbase or Phantom and the first thing you see is prices. Open Fomo and the first thing you see is people: a feed of the traders you follow, what they bought a minute ago, at what price, and the sentence they typed about why. That reordering sounds cosmetic and turns out to change how you use the thing. You stop scanning for green candles and start reading arguments, and the Buy button sits at the end of each one.
Underneath the feed is a fairly conventional self-custodial wallet, built on Privy so that there is no seed phrase and the key is split between your phone and the company. Trades route through the chains' own pools, Raydium and Pump.fun on Solana, Uniswap on Base and Ethereum, PancakeSwap on BNB Chain, which is why Fomo can say with a straight face that it is not an exchange. It never holds your coins. It charges 0.5% for the routing and the gas, 0.05% on the majors, and that is the business.
The numbers surprised us more than the design. By August 2026 the app had passed 625,000 users and $4 billion in cumulative volume, and on August 6 it overtook Axiom as the biggest Solana terminal by daily volume, which is a strange thing for an app with no sniper to have done. Index Ventures had led a $75 million round two months earlier at a $550 million valuation. A team of about seventeen people, most of them from dYdX, is running a product that moves more memecoin volume than the terminals built for exactly that.
What Fomo is not matters as much. It is not a place to hold a diversified portfolio; the Crypto tab has the majors, but there are no yield products, no staking and no fiat balance. It has no token, no points and no airdrop, whatever the farming guides claim, and a token called FOMO on a DEX is somebody else's. It is a memecoin app with a social layer and low fees, and used as that, with referral code GEMQUEENX on the sign-up screen and positions sized as if they can go to zero, it is the best one we have used.
What the Fomo app does in crypto
Seven things, each with its own page on this site. Together they are the product.
Spot trading on six chains
Memecoins and majors on Solana, Base, BNB Chain, Monad, Ethereum and Robinhood Chain, from one USD balance, no bridging, gas paid. The Solana page is where most of the volume is.
A feed of named traders
Every trade by the accounts you follow, with entry price, live PnL and a thesis. The reason the app exists, covered on the copy trading page.
The Crypto tab at 0.05%
BTC, ETH, SOL, BNB and the other majors at a tenth of the memecoin fee. Fomo calls it the lowest fee on blue chips anywhere; the fees page checks that claim.
Perps on Hyperliquid
Leverage on crypto, US stocks, indices, commodities and a SpaceX pre-IPO contract, with isolated margin and stop losses on the chart. Not for US persons. See Fomo perps.
A wallet with no seed phrase
Self-custodial through Privy, exportable to Phantom or MetaMask, Face ID on trades and withdrawals. The wallet page explains the key split.
Apple Pay and card deposits
Money in through Apple Pay, Google Pay or a card in about a minute, or free by sending USDC. The on-ramp is the only place the app may ask for ID.
Crypto, stocks, indices and commodities from one balance
The clip is Fomo's own summary of where the app ended up by August 2026: a memecoin on Solana, a Robinhood stock token, a perp on the S&P 500 and a gold contract, all bought from the same USD balance in the same feed. That breadth is unusual for a crypto app, and it is worth being precise about which parts are crypto. The spot tokens on the six chains are on-chain assets you hold in your own wallet. The stock tokens are on-chain too, issued by Robinhood on its chain, and restricted by country. The perps are positions on Hyperliquid and trade.xyz, not tokens at all.
For most people the crypto part is the whole app: the Solana and Base memecoins, the majors in the Crypto tab, and the feed that tells you who is buying what. The rest is there when you want it, and the app is honest enough to lock the perps behind a region check rather than pretend the rules do not exist.
Is there a Fomo crypto token?
No, and the search results around this question are a minefield. FOMO Labs has not launched a token, has not announced one, and runs no points program. The airdrop guides that rank for "fomo airdrop" are speculation dressed as instructions: they tell you to trade more in case a retroactive drop happens one day, which is advice that costs you fees and earns the guide a referral. Nothing the company has said supports it.
Two things inside the app do pay out and both are worth knowing about. The Fomo referral program pays 25% of trading fees to whoever referred you, which is how this site is funded, while the person referred gets 10% off. And Trader Rewards, launched on August 28, 2026, pays a trader when a thesis they posted on a token drives trades from other people, in cash rather than in a token. If a FOMO token ever exists it will be announced on the company's X account and in the app, not in a Telegram message, and a coin called FOMO on Pump.fun or a DEX today is unrelated and usually a trap.
How big the Fomo crypto app is
For a company of about seventeen people the numbers are large, and they are public. The table uses DefiLlama for volume, the app stores for installs and ratings, and the funding announcements for the rounds.
| Measure | Figure | Source and date |
|---|---|---|
| Users | 625,000+ | Company figure, August 2026; about 120,000 a year earlier |
| Cumulative volume | $4 billion+ | DefiLlama, August 2026 |
| Solana ranking | Largest terminal by daily volume | DefiLlama, from August 6, 2026, ahead of Axiom |
| Android installs | 500,000+, 4.7 stars | Google Play listing family.fomo.app |
| iPhone ratings | 4.8 stars, 15,600+ ratings | App Store listing id 6741115427 |
| Funding | $94 million | $2M pre-seed Feb 2025, $17M Series A Nov 2025 (Benchmark), $75M Series B Jun 2026 (Index Ventures) |
| Valuation | $550 million | Series B, June 2026 |
| Team | About 17 people | Company statements, 2026 |
The people and the money behind Fomo
Three founders who built the dYdX derivatives exchange together, and two of the better-known venture firms in crypto.
Paul Erlanger
Co-founder. One of the three former dYdX colleagues who started FOMO Labs in San Francisco and took the app from a Solana-only launch in May 2025 to six chains and perps in a little over a year.
Se Yong Park
Co-founder. The one who explained on camera why Fomo does not pay people to post referral links, a clip we use on the review page, and the name most of the "wen ETH" replies in the Ethereum launch video are addressed to.
Prashan Dharmasena
Co-founder. Part of the same dYdX team, which built one of the first on-chain perpetuals exchanges and goes some way to explaining how quickly perps arrived in Fomo once the Series B closed.
Benchmark
Led the $17 million Series A in November 2025. The firm is better known for early bets on Uber, Twitter and Snap than for memecoin apps, which is part of why the round got attention.
Index Ventures
Led the $75 million Series B in June 2026 at a $550 million valuation, the round that funded perps, Ethereum and Robinhood Chain in the same summer.
About 140 angels
The $2 million pre-seed in February 2025 came from individual investors rather than a fund, which is unusual for a round that size and says something about how the founders were regarded after dYdX.
Six chains, one balance, and the day Ethereum arrived
Fomo launched on Solana only, in May 2025, and added chains roughly one a season: Base in September, BNB Chain in October, Monad in November, then Ethereum mainnet in 2026 and Robinhood Chain in July. The clip is the Ethereum launch, a montage of a year of replies asking for it. What did not change with each addition is the balance. There is one USD figure at the top of the app and it buys a token on any of the six chains without a bridge, a wrapped asset or a gas token to keep topped up.
Each chain has its own page on this site with the tokens, the fees and the quirks: Solana, Base, BNB Chain, Ethereum and Robinhood Chain. The short version is that Solana and BNB confirm in under a second, Base in a couple, Ethereum in twelve to twenty-five, and the fee is the same flat 0.5% on all of them.
How to start trading crypto on Fomo
Five minutes from install to a first position, and one step that cannot be redone afterwards.
Install the app or open fomo.family 1 min
App Store, Google Play, or the web app in any browser. Check the developer says FOMO Labs; the "Crypto Fomo" app next to it in search is unrelated.
Sign up with the referral code 10% off
Email, Apple or Google. Type referral code
GEMQUEENXin the field on the sign-up screen. It is the only time the app asks, and it takes 10% off every fee for the life of the account; miss it and support can still attach it.Deposit
Apple Pay, Google Pay or a card through the on-ramp, or send USDC or SOL to the address under Settings, Account. Crypto deposits are free; the card route shows its fee before you confirm.
Follow four traders, then buy one thing Safety
Pick traders from the 30-day leaderboard, not the 24-hour one, and watch the feed for a day. Then open a token from the feed or the Crypto tab and tap Buy. Export your private key from Settings, Account before the balance gets serious.
Fomo vs a crypto exchange and a crypto wallet
People arrive at Fomo from two directions, an exchange account or a wallet like Phantom, and it sits between them. Here is where it lands on the things that usually decide it.
| Fomo app | Exchange (Coinbase, Binance) | Wallet (Phantom, MetaMask) | |
|---|---|---|---|
| Who holds the crypto | You, split key, no seed phrase | The exchange | You, seed phrase |
| KYC | None for trading | Required | None |
| Memecoins | Every token with a pool, six chains | A curated list | Through a DEX, one chain at a time |
| Fee on a $500 trade | $2.50, gas included ($2.25 with code) | Roughly $3 to $6 plus spread | DEX fee plus gas, about $1.50 to $3 |
| Social feed | Named traders, theses, one-tap copy | None | None |
| Fiat in | Apple Pay, Google Pay, card | Bank, card | Third-party on-ramp |
| Reversible | No | Sometimes, with support | No |
If you want to hold BTC for five years, an exchange or a hardware wallet is the right tool and Fomo is not trying to be it. If you want to trade what is moving on Solana this week and see who else is in it, the exchange cannot do that and the wallet makes you do it blind.
Fomo crypto app questions
What is the Fomo crypto app?
Fomo is a social crypto trading app from FOMO Labs, a San Francisco company started by three former dYdX engineers. You buy and sell memecoins and majors on Solana, Base, BNB Chain, Monad, Ethereum and Robinhood Chain from one USD balance, follow other traders, and copy a trade in one tap. It launched on iPhone and Android in May 2025 and on the web at fomo.family in April 2026.
Is Fomo a crypto exchange?
No. Fomo is a self-custodial wallet with a social feed in front of it. Every trade goes through the chain's own liquidity pools, Raydium or Pump.fun on Solana, Uniswap on Ethereum and Base, PancakeSwap on BNB Chain, from a wallet only you control. There is no order book, no custody, no KYC for trading and no withdrawal review. Perps are the exception: they run on Hyperliquid and trade.xyz with Fomo as the interface.
Is there a Fomo crypto token?
No. FOMO Labs has not launched a token, announced one, or run a points program, and there is no airdrop to farm. Anything called FOMO or FOMO coin that trades on a DEX is unrelated to the app. The only rewards inside Fomo are the referral fee share and Trader Rewards, which pay a trader when a thesis they posted drives trades. If a token ever comes, it will be announced on the company's X account, not in a Telegram DM.
What crypto can you trade on Fomo?
Any token with a pool on the six supported chains: the Solana and Base memecoins, BNB Chain and Monad launches, Ethereum ERC-20s, and Robinhood Chain memecoins. The Crypto tab lists the majors, BTC, ETH, SOL, BNB and others, at a 0.05% fee instead of 0.5%. Outside the US you can also trade Robinhood stock tokens on spot and perps on crypto, US stocks, indices and commodities.
How much does the Fomo crypto app cost?
The app is free. Trading costs 0.5% per spot trade with gas paid by Fomo, about $0.95 minimum, 0.05% on the majors in the Crypto tab, and 0.05% per side on perps. Referral code GEMQUEENX takes 10% off all of those for the life of the account. Apple Pay, Google Pay and card deposits carry the Coinbase on-ramp fee; crypto deposits are free.
Is the Fomo crypto app safe?
The company and funding are real, and the wallet is built so that FOMO Labs cannot move your money: the private key is split between your device and Fomo through Privy and only reassembled inside secure hardware to sign. The risk sits in what you buy, in copycat sites and Telegram accounts, and in losing your email and Apple or Google login without an exported key. The legit and safe page on this site goes through each check.
Which countries can use the Fomo crypto app?
Spot trading works wherever the App Store, Google Play or a browser does, including the US. Perpetual futures are not available to US persons, and Robinhood stock tokens are not available in the US, Canada, the UK, Switzerland or the UAE. Some payment routes depend on the on-ramp partner; crypto deposits work everywhere.
Trade crypto with the people who are good at it, at 10% off
Copy referral code GEMQUEENX first, then sign up. The field is on the sign-up screen only.
GEMQUEENX
10% off fees
Get Fomo and pay 10% less on every trade
Install the app, paste the Referral code GEMQUEENX on the sign-up screen, and you get 10% off every trading fee, 0.5% down to 0.45%, for as long as the account exists.
Scan with your phone camera
- See what top traders buy, the moment they buy it, and copy them in one tap
- Six chains, one balance. Solana, Base, BNB, Monad, Ethereum, Robinhood Chain. Gas paid for you
- No KYC, no seed phrase. Apple Pay deposits, self-custodial wallet
GEMQUEENXWhy use it
- 10% off every trade, forever. 0.5% becomes 0.45% on every buy and sell, spot and perps.
- It costs you nothing. No sign-up on our side, no email, no card. Fomo funds the discount.
- Easiest at sign-up. The app asks for a code on that screen only. Paste it there and skip a support chat later.
- Install the
Fomo app - Sign up with email,
Apple or Google - Referral code GEMQUEENX
for 10% off on fees - Deposit and make
your first trade